John Keells Holdings PLC (JKH) is Sri Lanka’s largest listed conglomerate in terms of market capitalization. Company has been able to mark its presence in all major industry spheres it operates including Transportation, Leisure, Property, Consumer Foods & Retail, Financial Services and Information Technology, among others. The objective of this report is to critically discuss whether financial information is likely to give a better indication of the likely future success of the business than non financial information. The objective will be achieved through a detailed study starting from identifying the strategic planning, controlling and decision making process of JKH Leisure sector, managed through John Keells Hotels (Pvt) Limited and, analyzing the extent of the use of financial and nonfinancial indicators, tools and information within the process. The analysis will be supported by the published literature on the use of financial and nonfinancial information in decision making with related examples. Related data will be gathered from the company web site, annual reports and the internal sources. Upon completion of the analysis areas to be improved will be highlighted with appropriate recommendations. The whole process is designed with the intention of enhancing the knowledge of application and usefulness of financial and nonfinancial information in the process of informed decision making.

1Introduction to John Keells and its Leisure Business John Keells Holding (JKH) is the Sri Lanka’s largest capitalized company listed on Colombo Stock Exchange (CSE). It is an AAA (lka) credit rated company by Fitch Ratings Lanka Ltd. Currently the company interest in major business areas of Transportation, Leisure, Property, Consumer Foods & Retail, Financial Services and Information Technology. The origins of the company lies in a produce and exchange broking business started by two Englishmen, Edwin and George John, in Colombo, in the early 1870s. In October 1986 a newly incorporated John Keells Holdings Ltd. (JKH) acquired a controlling stake in John Keells Limited and obtained a quotation on the Colombo Stock Exchange amidst a heavily over-subscribe/d public share issue. The companies process of diversification today has resulted in a 70-member conglomerate. The parent firm, now known as John Keells PLC, became a public quoted company in 1974. Share information of the group

Source: JKH Aannual Report 2011/2012

JKH became the pioneering Sri Lankan company to be listed in a foreign country, through the issuance of Global Depository Receipts (GDRs), which are listed in the Luxemburg stock exchange. The Group’s investment philosophy is based on a positive outlook, bold approach, commitment to delivery and flexibility to change. (JKH Group Highlights, 2011/12) JKH is an active member of the United Nations Global Compact initiative and a full member of the World Economic Forum. The leisure sector is the JKH’s single largest net asset exposure. The sector operates locally and internationally via City Hotels, Sri Lankan Resorts, Maldivian Resorts, Destination Management and Hotel Management. Company owns two city hotels which represents 40% of...

YOU MAY ALSO FIND THESE DOCUMENTS HELPFUL

...Coulter, 2005). Thus strategic decision makings are involved in mangers during the operations of an organization. Managers have to make thousands of strategic decisions in order to keep their organization in the pace of business.
Due to globalization era, managers have to think and act fast in order to capture all business opportunities. Meanwhile, they also have to eliminate, and if not mitigate, the level of threats toward their organization. Thus,...

...﻿The Importance of FinancialInformation
Introduction
Financial statements provide lenders, investors, and shareholders insight to the overall health of an organization, and serve as tools to provide direction. There are seven accounts that make up financial statements. Three accounts are referred to as permanent accounts: assets, liabilities, and owners’ equity. A permanent account reflects an amount of...

...MPORTANCE OF FINANCIAL STATEMENTS TO THE GENERAL PUBLIC
Importance of financial statement is not what anyone can just keep aside without feeling the heat. A financial statement is very important in every society as many economic and financial decisions are made based on it.
WHAT ARE FINANCIAL STATEMENTS?
Financial statements are those sets of accounts that every quoted company / incorporation...

...﻿
FinancialInformation and Decision Making.
UMACST-20-2
JAN09115515
2013-04-21
Question 1:
To: Directors of Ace Suppliers Limited
From: FinancialInformation and Decision Making Student
Date: 30/05/2013
Subject: Sources of Finance.
Purpose:
Ace Supplies Limited is a fairly new company which was created by friends who have no previous experience in running their own company;...

...analysts on traditional financial ratio analysis.
Does this analysis have any part to play in the modern commercial world, or should companies and analysts focus solely on non-financial performance indicators?
Traditional financial ratio analysis is useful as it summarises quite complex accounting information into a relatively small number of key indicators, relating particular figures to one another, and covering...

...﻿I. THE IMPORTANCE OF FINANCIALINFORMATION.
A. Financialinformation is the HEART OF BUSINESS MANAGEMENT.
A.1. Most of us know almost nothing about accounting from experience.
A.2. However, you have to know something about accounting if you want to understand business.
A.3. It is almost impossible to run a business effectively without being able to read, understand, and analyze accounting reports and...

Study Tools

Company

Follow

{"hostname":"studymode.com","essaysImgCdnUrl":"\/\/images-study.netdna-ssl.com\/pi\/","useDefaultThumbs":true,"defaultThumbImgs":["\/\/stm-study.netdna-ssl.com\/stm\/images\/placeholders\/default_paper_1.png","\/\/stm-study.netdna-ssl.com\/stm\/images\/placeholders\/default_paper_2.png","\/\/stm-study.netdna-ssl.com\/stm\/images\/placeholders\/default_paper_3.png","\/\/stm-study.netdna-ssl.com\/stm\/images\/placeholders\/default_paper_4.png","\/\/stm-study.netdna-ssl.com\/stm\/images\/placeholders\/default_paper_5.png"],"thumb_default_size":"160x220","thumb_ac_size":"80x110","isPayOrJoin":false,"essayUpload":false,"site_id":1,"autoComplete":false,"isPremiumCountry":false,"userCountryCode":"US","logPixelPath":"\/\/www.smhpix.com\/pixel.gif","tracking_url":"\/\/www.smhpix.com\/pixel.gif","cookies":{"unlimitedBanner":"off"},"essay":{"essayId":37189258,"categoryName":"Organizations","categoryParentId":"3","currentPage":1,"format":"text","pageMeta":{"text":{"startPage":1,"endPage":15,"pageRange":"1-15","totalPages":15}},"access":"premium","title":"Strategic Decesion Making and the Importance of Financial and Non-Finacial Information","additionalIds":[17,9,7,93],"additional":["Literature","Entertainment","Education","Education\/Greek System"],"loadedPages":{"html":[],"text":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15]}},"user":null,"canonicalUrl":"http:\/\/www.studymode.com\/essays\/Strategic-Decesion-Making-And-The-Importance-1470883.html","pagesPerLoad":50,"userType":"member_guest","ct":10,"ndocs":"1,500,000","pdocs":"6,000","cc":"10_PERCENT_1MO_AND_6MO","signUpUrl":"https:\/\/www.studymode.com\/signup\/","joinUrl":"https:\/\/www.studymode.com\/join","payPlanUrl":"\/checkout\/pay","upgradeUrl":"\/checkout\/upgrade","freeTrialUrl":"https:\/\/www.studymode.com\/signup\/?redirectUrl=https%3A%2F%2Fwww.studymode.com%2Fcheckout%2Fpay%2Ffree-trial\u0026bypassPaymentPage=1","showModal":"get-access","showModalUrl":"https:\/\/www.studymode.com\/signup\/?redirectUrl=https%3A%2F%2Fwww.studymode.com%2Fjoin","joinFreeUrl":"\/essays\/?newuser=1","siteId":1,"facebook":{"clientId":"306058689489023","version":"v2.8","language":"en_US"},"analytics":{"googleId":"UA-32718321-1"}}